Funding Circle co-founder joins crypto-lending platform as advisor

By Ryan Weeks on Friday 9 March 2018

Alternative Lending

Andrew Mullinger will advise cryptocurrency loan exchange Lendingblock.

Andrew Mullinger’s LinkedIn profile reads: “currently semi-retired until I get bored”. The Funding Circle co-founder stepped back from the firm in May 2016. He has now joined a very different kind of online lender.

Lendingblock, an open exchange for cryptocurrency loans, today announced that Mullinger has joined the company as an advisor.

Lendingblock is a soon-to-launch platform that allows individuals and institutions to use their cryptocurrency holdings as collateral for borrowing other forms of cryptocurrency. AltFi interviewed the platform's CEO Steve Swain (pictured) earlier this year.

The firm is currently going through a three-stage Initial Coin Offering, successfully raising the equivalent of $500k in stage one.

“We are delighted to have Andrew as part of our team, with his extensive experience in risk management and compliance and having founded and built a leading fintech company,” said Swain. “Lendingblock is creating a secure and robust trading platform for use by serious investors, and Andrew’s knowledge will be invaluable as we build out the exchange and seek regulatory approval.”

Mullinger also commented: “As the cryptocurrency world continues to mature it needs to stabilise. It will soon reach a point when it requires some of the equivalent infrastructure to traditional financial services, in order to allow institutions access to these markets. Lendingblock is building that solution for crypto securities lending, and I am pleased to support the founders and the company in that journey.”

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